Public Storage (NYSE:PSA) Position Decreased by Renaissance Technologies LLC

Evrard Martin
Août 11, 2017

Guardian Life Insurance Co. of America now owns 576 shares of the real estate investment trust's stock worth $126,000 after buying an additional 5 shares in the last quarter. Ltd.'s holdings in Public Storage were worth $9,739,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PSA. State Street has an ownership of 2,045,152 stocks of the real estate investment trust's shares valued at $167,946,000 after scooping up an extra 20,956 shares through out the previous quarter, Lastly, Massachusetts Financial Services MA raised its stake in Life Storage by 50.4% in the Q1. Gulf International Bank UK Ltd now owns 46,110 shares of the real estate investment trust's stock valued at $10,093,000 after buying an additional 600 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Public Storage by 0.9% in the first quarter. Mascoma Wealth Management LLC now owns 456 shares of the real estate investment trust's stock worth $100,000 after buying an additional 256 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Public Storage by 83.6% in the first quarter. PGGM Investments now owns 1,890,000 shares of the real estate investment trust's stock valued at $147,420,000 after buying an additional 45,000 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Life Storage by 1.7% in the first quarter. The value of the investment in PSA went from $13,481,000 to $16,408,000 a change of 21.7% since the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Public Storage by 0.4% in the first quarter. Loudon Investment Management LLC now owns 6,135 shares of the real estate investment trust's stock worth $1,343,000 after buying an additional 1,247 shares in the last quarter. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership.

Life Storage, (LSI) declined 0.79% throughout intraday market trading on Early Thur, reaching $72.39. the firms shares had a trading volume of 48,394 Stocks. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Life Storage, has a 1 year low of $69.00 has a 1 year high of $95.05.

Public Storage's P/E ratio is 28.588 and market cap is 34.87B. Robert W. Baird initiated Public Storage (NYSE:PSA) on Thursday, July 23 with "Neutral" rating. The real estate investment trust reported $1.33 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.35 by $0.02. The business had revenue of $624.20 million for the quarter, compared to analyst estimates of $626.27 million. Public Storage had a return on equity of 27.80% and a net margin of 53.35%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter a year ago, the business posted $1.32 earnings per share. On average, analysts anticipate that Public Storage will post $7.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Monday, July 17th were given a dividend of $1.00 per share.

In other Public Storage news, insider John Reyes sold 60,000 shares of the business's stock in a transaction dated Tuesday, June 13th. This dividend amount will represent a yeild of $3.99. Public Storage's dividend payout ratio (DPR) is now 113.96%. Finally, US Bancorp DE boosted its stake in Public Storage by 11.0% in the first quarter.

Life Storage (NYSE:LSI) previously released its earnings report on early Wed, Aug 2nd. If you are reading this news story on another site, it was stolen and republished in violation of USA and worldwide copyright & trademark laws. The original version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/11/public-storage-psa-shares-bought-by-us-bancorp-de-updated-updated.html.

Several research analysts recently commented on EXR shares. Zacks Investment Research raised shares of Public Storage from a "sell" rating to a "hold" rating in a research note on Thursday, June 1st. Bank of America Corporation decreased their price target on shares of Public Storage from $222.00 to $218.00 and set a "neutral" rating on the stock in a report on Thursday, July 20th. Jefferies Group LLC restated a "hold" rating and set a $222.00 price objective on shares of Public Storage in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Life Storage now has a consensus rating of "Hold" and a consensus target price of $85.00.

Public Storage is a real estate investment trust (REIT). Corporate insiders own 14.42% of the company's stock.

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